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Rich Dad Poor Dad – some thoughts

Excellent book about personal finance. Definitely changed the way I look at the money. The book uses a lot of contrasting examples from the rich dad and the highly educated dad (poor dad), to illustrate the author’s perspective on what money really is and how to achieve financial freedom. This book resonated with me because some concepts are similar to what I was taught about money by my family.

Here are some quotes I really liked:

“Broke is temporary. Poor is eternal.”

Introduction, p15

“I already know that my study of money will continue over my lifetime, simply because the more I find out, the more I find out I need to know more.”

Chapter One, p43

“In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.”

Chapter five, p201

“Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.”

Chapter five, p201